Energy Efficiency Innovator HPEV, Inc. Reveals Its Burgeoning Patent Portfolio
February 20 2014 - 04:20PM
Marketwired
Energy Efficiency Innovator HPEV, Inc. Reveals Its Burgeoning
Patent Portfolio
With 5 Patents Issued and Numerous Patents Pending and in the
Application Process, HPEV Is Building a Patent Portfolio to Drive
Growth
TAMPA, FL--(Marketwired - Feb 20, 2014) - HPEV, Inc. (OTCQB:
WARM), an innovator in energy efficiency and heat dispersion
technologies, announced some details of its patent portfolio that
represents what industry insiders have already called a "game
changing" technology. HPEV's patent portfolio leverages its unique
ability to increase power density and lower manufacturing costs in
the motor and generator industry, but also can similarly affect a
large number of additional markets.
HPEV' patent portfolio consists of five issued U.S. utility
patents and more than 20 global PCT patents that are either pending
or in the application process. HPEV typically files utility patents
with specific applications in the industrial space such as motors
& generators, pumps, breaks/rotors/calipers and bearings, to
name a few.
"From our perspective, HPEV's technology and practical
go-to-market solutions make it possible for the most innovative
manufacturing companies in the world to leap ahead in energy
efficiency and profit margins," commented Timothy Hassett, HPEV's
Chief Executive Officer and co-founder. "With the coming wave of
energy efficiency mandates and a big push toward lower industrial
manufacturing costs, HPEV's timing is perfect," continued
Hassett.
"It is well known that one of the most costly and limiting
problems for power driven equipment is heat. The cooler a motor or
generator runs, the harder it can work. The result is greater power
output," said Theodore Banzhaf, HPEV's President. "HPEV's
technology applies to many industrial applications and we are
currently proliferating the technology into these markets under
patent protection," continued Banzhaf. HPEV patents are at the core
of many of the most interesting and powerful energy efficiency
solutions that rotating equipment manufacturers have seen in
decades.
HPEV's utility patents are founded on HPEV's unique ability to
use established heat pipe technology in new and innovative heat
management solutions. The technology can better cool equipment and
machinery with almost zero required maintenance. It replaces high
cost and high maintenance legacy cooling systems such as
traditional air to air (TEAAC) and water to air (TEWAC) heat
exchangers with HPEV's Totally Enclosed Heat Pipe Cooled (TEHPC™)
solution that allows for standardization to one cost effective
system within current manufacture production lines. Independent
testing has repeatedly demonstrated that HPEV's technology improves
power density in motors and generators by 20 - 40%. That's 20 - 40%
more output when compared to a machine of the same size and
design.
"As our customers begin to commercialize, apply and sell our
technology into various marketplaces, we are very excited to have
secured our solutions with key patents and to have our future
pipeline of additional markets being secured by pending and applied
for patents. We expect that our patent portfolio will secure our
intellectual property business model in many verticals and form
many years to come," commented Hassett. "Utility patents describe
and protect our technology for specific applications of our
technology. We have already announced sales in the pump market and
we are in deep OEM license and royalty conversations with
motor/generator manufacturers on how we can solve their critical
and immediate problems."
About HPEV, Inc.
HPEV, Inc. is an intellectual property and product development
company that employs a license and royalty model. The company has
expertise in thermal dispersion technologies and their application
to various product platforms. The Company is currently
commercializing its patented thermal technology and has additional
patents-pending for various OEM applications of its proprietary
heat removal technologies. The markets that will be addressed by
these technologies include myriad industries such as pumps, fans,
compressors, batteries, motors, generators and bearings.
Safe Harbor Statement.
This release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934. These statements are
based on plans and expectations of management and are subject to
uncertainties and risks that could affect the company's plans and
expectations, as well as results of operations and financial
condition. A listing of risk factors that may affect the company's
business prospects and cause results to differ from those described
in the forward-looking statements can be found in company reports
and documents filed with the Securities and Exchange Commission.
The company undertakes no obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise.
For more information about the media inquiries, contact: HPEV,
Inc. ir@hpevinc.com
Cool Technologies (PK) (USOTC:WARM)
Historical Stock Chart
From Feb 2024 to Mar 2024
Cool Technologies (PK) (USOTC:WARM)
Historical Stock Chart
From Mar 2023 to Mar 2024